Fraberco: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Fraberco
Largest movements
- Cash -€174,570
down €174,570 (-45.6%), from €382,799 to €208,229
mainly Investment in fixed assets (net) (-€286,712) and Net result for the year (-€16,938)
- Tangible fixed assets +€151,505
up €151,505 (+8.8%), from €1.7m to €1.9m
of which Land and buildings: +€162,535
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€42,752
up €42,752 (+46.2%), from €92,455 to €135,207
- Gross operating margin +€11,109
up €11,109 (+8.5%), from €130,590 to €141,699
- Taxes -€7,756
down €7,756 (-44.6%), from €17,400 to €9,644
- Other operating charges +€1,611
up €1,611 (+7.4%), from €21,643 to €23,254
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,124,383 | €2,100,977 | -€23,406 | -1.1% |
| Fixed assets | 21/28 | €1,729,597 | €1,881,102 | +€151,505 | +8.8% |
| Tangible fixed assets | 22/27 | €1,728,609 | €1,880,114 | +€151,505 | +8.8% |
| Land and buildings | 22 | €1,690,680 | €1,853,215 | +€162,535 | +9.6% |
| Furniture and vehicles | 24 | - | €1,325 | +€1,325 | |
| Other tangible fixed assets | 26 | €37,929 | €25,574 | -€12,355 | -32.6% |
| Financial fixed assets | 28 | €988 | €988 | = | 0.0% |
| Current assets | 29/58 | €394,786 | €219,875 | -€174,911 | -44.3% |
| Amounts receivable within one year | 40/41 | €5,921 | €6,957 | +€1,036 | +17.5% |
| Trade receivables | 40 | €1,657 | €1,657 | = | 0.0% |
| Other amounts receivable | 41 | €4,264 | €5,300 | +€1,036 | +24.3% |
| Cash at bank and in hand | 54/58 | €382,799 | €208,229 | -€174,570 | -45.6% |
| Deferred charges and accrued income | 490/1 | €6,066 | €4,689 | -€1,377 | -22.7% |
| Total equity and liabilities | 10/49 | €2,124,383 | €2,100,977 | -€23,406 | -1.1% |
| Equity | 10/15 | €1,791,666 | €1,774,728 | -€16,938 | -0.9% |
| Contributions | 10/11 | €585,427 | €585,427 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Contributions outside capital | 11 | €486,270 | €486,270 | = | 0.0% |
| Share premium | 1100/10 | €486,270 | €486,270 | = | 0.0% |
| Reserves | 13 | €1,206,239 | €1,189,301 | -€16,938 | -1.4% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €484,870 | €447,901 | -€36,969 | -7.6% |
| Distributable reserves | 133 | €711,453 | €731,484 | +€20,031 | +2.8% |
| Provisions and deferred taxes | 16 | €162,145 | €148,999 | -€13,146 | -8.1% |
| Deferred taxes | 168 | €162,145 | €148,999 | -€13,146 | -8.1% |
| Amounts payable | 17/49 | €170,572 | €177,250 | +€6,678 | +3.9% |
| Amounts payable after more than one year | 17 | €120,887 | €124,514 | +€3,627 | +3.0% |
| Financial debts | 170/4 | €120,887 | - | -€120,887 | |
| Other amounts payable | 178/9 | - | €124,514 | +€124,514 | |
| Amounts payable within one year | 42/48 | €34,176 | €36,874 | +€2,698 | +7.9% |
| Trade debts | 44 | €23,482 | €29,284 | +€5,802 | +24.7% |
| Suppliers | 440/4 | €23,482 | €29,284 | +€5,802 | +24.7% |
| Taxes, remuneration and social security | 45 | €7,254 | €6,640 | -€614 | -8.5% |
| Taxes | 450/3 | €7,254 | €6,640 | -€614 | -8.5% |
| Other amounts payable | 47/48 | €3,440 | €950 | -€2,490 | -72.4% |
| Accrued charges and deferred income | 492/3 | €15,509 | €15,862 | +€353 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,455 | €135,207 | +€42,752 | +46.2% |
| Other operating charges | 640/8 | €21,643 | €23,254 | +€1,611 | +7.4% |
| Gross operating margin | 9900 | €130,590 | €141,699 | +€11,109 | +8.5% |
| Operating profit (loss) | 9901 | €16,492 | -€16,762 | -€33,254 | |
| Financial charges | 65/66B | €3,566 | €3,678 | +€112 | +3.1% |
| Recurring financial charges | 65 | €3,566 | €3,678 | +€112 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €12,926 | -€20,440 | -€33,366 | |
| Transfer from deferred taxes | 780 | €13,146 | €13,146 | = | 0.0% |
| Income taxes | 67/77 | €17,400 | €9,644 | -€7,756 | -44.6% |
| Profit (loss) for the period | 9904 | €8,672 | -€16,938 | -€25,610 | |
| Transfer from tax-exempt reserves | 789 | €36,969 | €36,969 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,641 | €20,031 | -€25,610 | -56.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.